The real estate market in Santa Clara County has been HOT!! We have a very low inventory of only 1659 homes and condos/townhomes. Investors, first time buyers and move up buyers and sellers are out in full force. I recently had an open house with 125 attendees in 3 hours and this was on a blustery day. The rapid change really started in the last 2 months.
So here is the Sales Statistics Update Report. Remember we have a population of 1.8 Million people.
If we had double the inventory we could have easily done double the sales.
For area specific market conditions in San Jose area – check out my updates – http://realtytimes.com/rtmcrmember/patchadwell
Pat Chadwell, broker
28 years experience
Realty World – Residential Specialists
- Silicon Valley Real Estate is HOT! (patchadwellblog.com)
- Santa Clara County Update – distressed vs. traditional sales (patchadwellblog.com)